Question

At what rate of interest will rs.8000 amount to rs.9600 in 5 years

Answer 1

Answer:

Rate (R)= 4%

Step-by-step explanation:

Given,

P=8000

A=9600

T=5 years

I=A-P

=9600-8000

=1600

Solution :

R=I×100 /P×T

=1600×100 /8000×5

=4%

✌✌

Answer 2

Answer:

Step-by-step explanation:

8000 rs increased to 9600 :simple intrest be 1600

formula:

SI = P *N*R/100

1600 = 8000 * 5 *R /100

1600*100/8000*5 = R

160000/8000*5 = R

160 / 8 *5 = R

R = 4 %